Sterling Capital Management LLC lowered its holdings in Radian Group Inc (NYSE:RDN) by 18.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,501 shares of the insurance provider’s stock after selling 31,488 shares during the period. Sterling Capital Management LLC’s holdings in Radian Group were worth $3,279,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new stake in shares of Radian Group in the second quarter valued at $87,000. NN Investment Partners Holdings N.V. lifted its holdings in shares of Radian Group by 39.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 8,538 shares of the insurance provider’s stock valued at $196,000 after purchasing an additional 2,400 shares in the last quarter. Creative Planning purchased a new stake in shares of Radian Group in the second quarter valued at $224,000. BB&T Securities LLC purchased a new stake in shares of Radian Group in the second quarter valued at $225,000. Finally, Sullivan Bruyette Speros & Blaney LLC lifted its holdings in shares of Radian Group by 5.6% in the first quarter. Sullivan Bruyette Speros & Blaney LLC now owns 10,562 shares of the insurance provider’s stock valued at $219,000 after purchasing an additional 562 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.
Shares of RDN traded up $0.52 during mid-day trading on Thursday, reaching $23.83. The company’s stock had a trading volume of 61,979 shares, compared to its average volume of 1,074,517. The business has a fifty day moving average of $22.71 and a 200 day moving average of $22.54. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 1.59 and a beta of 1.39. Radian Group Inc has a 1 year low of $14.77 and a 1 year high of $24.62. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.29.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were issued a dividend of $0.002 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.01 annualized dividend and a dividend yield of 0.03%. Radian Group’s dividend payout ratio is 0.37%.
RDN has been the subject of a number of research analyst reports. BTIG Research restated a “buy” rating and issued a $29.00 target price on shares of Radian Group in a report on Thursday, August 1st. Barclays restated a “buy” rating and issued a $27.00 target price on shares of Radian Group in a report on Monday, June 24th. Finally, B. Riley set a $27.00 target price on Radian Group and gave the company a “hold” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Radian Group currently has a consensus rating of “Buy” and a consensus target price of $27.14.
About Radian Group
Radian Group Inc, through its subsidiaries, engages in the mortgage and real estate services business in the United States. It operates in two segments, Mortgage Insurance and Services. The Mortgage Insurance segment offers credit-related insurance coverage, primarily through private mortgage insurance on residential first-lien mortgage loans, as well as other credit risk management solutions to mortgage lending institutions and mortgage credit investors.
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